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WA7CRYPTO
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Bitcoin 66,500 – Where Is the Next Direction? 70,000 or 60,000?
1️⃣ Yesterday’s Breakout & Fake Move
Yesterday I clearly explained why BTC needed to break 69,500. I also mentioned that this level was critical — but unfortunately, what we saw were fake breakouts.
That fake move was one of the main reasons BTC dropped again.
I also explained the importance of USDT.D and how it helps predict Bitcoin’s direction.
Exactly what we expected happened — dominance gave the early warning.
Suggested Image:
BTC chart showing the fake breakout above 69,500 and rejection.
2️⃣ Current Bitcoin Path
Overall structure is still bearish.
Reasons:
Weak market liquidity
US market pressure
Negative economic environment
Bitcoin touched the support zone around 68,400 but failed to hold above it strongly. Yes, we saw multiple attempts and small bounces, but the recovery was weak and only visible on the 4H candle.
That weakness caused gradual downside continuation.
With the US market opening soon, volatility is expected. Two possible short-term scenarios:
Bounce from 66,500–67,500 → retest 69,500
Failure to hold → continuation toward lower levels
As long as there is no strong breakout with real liquidity and volatility expansion, the structure remains bearish.
Suggested Image:
BTC chart highlighting 68,400 support and 66,500–67,500 reaction zone.
3️⃣ Higher Timeframe Analysis
Weekly: Bearish
Daily: Bearish (red candle dominance)
At the moment, there is no strong signal suggesting a confirmed green weekly close. Selling pressure has not ended yet.
On lower timeframes (15m), we may see temporary rebounds before US session open. But this can be either:
Sideways consolidation
Gradual continuation down
Current key level: Break and hold above 68,400 → short-term stabilization
Failure → pressure remains active
Suggested Image:
Multi-timeframe screenshot (Weekly + Daily bearish structure).
4️⃣ USDT Dominance (USDT.D)
USDT.D is currently slightly negative, which is short-term positive for BTC.
However, dominance is still around 7.990 — meaning we are not fully safe yet.
With US market opening, dominance can spike quickly. If USDT.D rises, Bitcoin will likely face pressure again.
Suggested Image:
USDT.D chart showing 7.990 zone.
5️⃣ RSI Indicator
RSI 4H showed a bounce from below 39.40
It reacted strongly from 37.08 after breakdown.
This is technically positive — but incomplete.
Bitcoin still needs to break 45.13 on RSI for confirmation. Current reading around 44.77 → very close, but still unconfirmed.
Market open will likely decide whether this turns into bullish continuation or another rejection.
Suggested Image:
RSI chart highlighting 37.08 bounce and 45.13 resistance.
6️⃣ So Why Am I Not Giving a Clear Buy or Sell Direction?
Because the current structure is sideways volatility.
Bitcoin right now is moving in a range. Upward moves are corrective. Downward moves are pressured.
Until we see:
Strong liquidity inflow
Clear breakout structure
Volatility expansion
Any move up or down is considered range behavior.
That’s why the next real decision zone remains: 70,000 breakout → strength
Failure → possible path toward 60,000
In this market, patience is more important than prediction.
$BTC
$ETH
$BNB
{future}(BTCUSDT)
{future}(ETHUSDT)
{future}(BNBUSDT)
Yesterday I clearly explained why BTC needed to break 69,500. I also mentioned that this level was critical — but unfortunately, what we saw were fake breakouts.
That fake move was one of the main reasons BTC dropped again.
I also explained the importance of USDT.D and how it helps predict Bitcoin’s direction.
Exactly what we expected happened — dominance gave the early warning.
Suggested Image:
BTC chart showing the fake breakout above 69,500 and rejection.
2️⃣ Current Bitcoin Path
Overall structure is still bearish.
Reasons:
Weak market liquidity
US market pressure
Negative economic environment
Bitcoin touched the support zone around 68,400 but failed to hold above it strongly. Yes, we saw multiple attempts and small bounces, but the recovery was weak and only visible on the 4H candle.
That weakness caused gradual downside continuation.
With the US market opening soon, volatility is expected. Two possible short-term scenarios:
Bounce from 66,500–67,500 → retest 69,500
Failure to hold → continuation toward lower levels
As long as there is no strong breakout with real liquidity and volatility expansion, the structure remains bearish.
Suggested Image:
BTC chart highlighting 68,400 support and 66,500–67,500 reaction zone.
3️⃣ Higher Timeframe Analysis
Weekly: Bearish
Daily: Bearish (red candle dominance)
At the moment, there is no strong signal suggesting a confirmed green weekly close. Selling pressure has not ended yet.
On lower timeframes (15m), we may see temporary rebounds before US session open. But this can be either:
Sideways consolidation
Gradual continuation down
Current key level: Break and hold above 68,400 → short-term stabilization
Failure → pressure remains active
Suggested Image:
Multi-timeframe screenshot (Weekly + Daily bearish structure).
4️⃣ USDT Dominance (USDT.D)
USDT.D is currently slightly negative, which is short-term positive for BTC.
However, dominance is still around 7.990 — meaning we are not fully safe yet.
With US market opening, dominance can spike quickly. If USDT.D rises, Bitcoin will likely face pressure again.
Suggested Image:
USDT.D chart showing 7.990 zone.
5️⃣ RSI Indicator
RSI 4H showed a bounce from below 39.40
It reacted strongly from 37.08 after breakdown.
This is technically positive — but incomplete.
Bitcoin still needs to break 45.13 on RSI for confirmation. Current reading around 44.77 → very close, but still unconfirmed.
Market open will likely decide whether this turns into bullish continuation or another rejection.
Suggested Image:
RSI chart highlighting 37.08 bounce and 45.13 resistance.
6️⃣ So Why Am I Not Giving a Clear Buy or Sell Direction?
Because the current structure is sideways volatility.
Bitcoin right now is moving in a range. Upward moves are corrective. Downward moves are pressured.
Until we see:
Strong liquidity inflow
Clear breakout structure
Volatility expansion
Any move up or down is considered range behavior.
That’s why the next real decision zone remains: 70,000 breakout → strength
Failure → possible path toward 60,000
In this market, patience is more important than prediction.
$BTC
$ETH
$BNB
{future}(BTCUSDT)
{future}(ETHUSDT)
{future}(BNBUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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